Tag Archives: Impact on Premiums

SF Gate: Obama Sold Voters Bill of Goods on Health Care

Debra J. Saunders recently wrote for the SF Gate:

“Now that the Affordable Care Act exchanges are open for business, voters are finding that the biggest problem with Obamacare isn’t that some Web sites crashed last week but that the Obama promise of big savings for the average family was too good to be true.

“Now that the exchanges are open for business, people who already have individual coverage have something new to not like: sticker shock. The Affordable Care Act isn’t affordable after all.”

Read her commentary here.

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Young Adults Will Get Hammered With Price Increases Under ObamaCare

AAF has a new study out that found young adults will face huge price increses under ObamaCare. Specifically, AAF found: “on average, a healthy 30 year old male nonsmoker will see his lowest cost insurance option increase 260 percent.”  Yeah – 260%.  Ouch!

Read more on their study, here.

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Liberal Blogger Runs Headfirst into ObamaCare Rate Shock

True Story – A liberal blogger at The Daily Kos has just received his ObamaCare notice that his health insurance premiums are increasing. And. He. Is. Not. Happy.

WARNING: His language is graphic but you can read his (revised) post here and commentary from Breitbart here.

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ObamaCare Drives Up Costs FAR MORE than ObamaCare Subsidies

Recent article demonstrate that ObamaCare is driving up health insurance costs for young adults far in excess of any subsidy that ObamaCare provides. Consider the following:

 A current 20-something in California making $29,000 can buy coverage at $92 per month through ehealthinsurance.com. Investors Business Daily writes that under ObamaCare the total premiums for a person in their 20s would be $215 per month, consisting of $181 paid by the insured plus a $34 subsidy. That means total premiums are increasing by 133% (or $123 per month).

The dollar amount for the subsidy cited by IBD only covers about 27.6% of that increase. Their scheme is going to cost this typical 20 something, on net, $89 per month more ($1,068 per year) even after the subsidy is applied.

Consider the following: If you were being mugged and after the mugger took your wallet he reached in and handed you a $20 so you could “take a cab home” would you thank the mugger? Thats what ObamaCare’s defenders want young people to do. Thank ObamaCare for the $20 instead of recognizing on balance the impact of ObamaCare is nothing short of criminal

Read more here, here and here.

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House Committee Releases Report About Coming ObamaCare “Rate Shock”

The House Energy & Commerce Committee released a report detailing how healthcare prices under ObamaCare will cause “rate shock.” The report was issued in response to President Obama’s claims that there were was no evidence that ObamaCare was increasing prices.

The full report can be found here.

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Union Calls for Repeal of ObamaCare

According to The Wall Street Journal, the United Union of Roofers, Waterproofers and Allied Workers, which has nearly 22,000 members, has called for repeal of ObamaCare. What is notable about this is that the union had initially supported passage of ObamaCare and the union is thought to be the first union that supported the law to later call for its repeal.  The reason for the repeal is that the union now believes that ObamaCare will cause a significant increase in insurance premiums and cause others to lose their current coverage. Both events constitute broken promises made by the President to secure passage of the law.

The WSJ article can be found here (subscription requried).

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Survey Shows ObamaCare will Increase Premiums

According to a Politico article, ObamaCare could triple the cost of health insurance for younger persons – demonstrating that ObamaCare is nothing more than an exercise in cost-shifting which will force young and healthy persons to payer higher premiums so others don’t have to.

Read more here and here.

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